Ohio's property tax changes will help some, but hurt others

9:34 AM,
Jul. 11, 2013

Written by

Tom Cooney and Crystal Faulkner
Columnists

Question: I read your article regarding the Ohio tax changes last week with great interest. However, I am unclear about the revisions related to property taxes. Can you please clarify?

Answer: The rollbacks are very confusing. There is a 10 percent property-tax rollback funded by the state that applies to non-business property. There is also a 2.5 percent rollback of property taxes for owner-occupied residences. This combined 12.5 percent rollback will not be applied to new levies or to increases in existing levies.